Growth and Income

I was having another look at the macro-economics of the country. I was looking at growth (δY) and income distribution ( 1 -L(Y) ). I have built some growth charts but have run out time for the moment on income distribution, partly because the stats aren’t saying what I’d hoped. Perhaps ONS don’t measure this to the level of granularity that we need; they use 20% and 10% tranches. I might come back to this, otherwise here are my notes.  Continue reading “Growth and Income”

Class Wargames

I have been/am still reading Richard Barbrook’s book, “Class Wargames”. Among its many fascinating themes is his study of the collapse of democratic military forces into dictatorship.He name checks Napoleon, Toussaint Louverture & the Russian Revolution. I wonder why he didn’t start earlier with the English Civil War, it would seem to me to be another failure of a democratic military. To him, Guy Debord’s “Game of War” is critically important, partly because of the way it abstracts large elements of military conflict, but they adopted different rules, using miniatures for both the Haitian and Russian Civil War scenarios. How easy would it be to find or adapt some ECW rules? Here are my notes … Continue reading “Class Wargames”

Criminality and the Referendum

The story of the criminal cheating on the Vote Leave campaign is long and complex, and there seems to be a ground rush effect as the election approaches. The issues are breach of personal privacy laws, over spending, covering up the overspending. It is possible that there have been breaches of the transparency rules, and that some money came from prohibited foreign sources. Here are some links and notes. Continue reading “Criminality and the Referendum”

Consitituencies: Leave or Remain

One of the most important issues in the 2019 general elections will be Brexit; that’ why its been called. Polls are proving inaccurate so the only data we have is the 2016 Referendum which was counted and results released at Local Authority level. I am deeply interested in knowing how consitiuencies votes and I am not alone. Here are my notes. Continue reading “Consitituencies: Leave or Remain”

Multiple Choice Voting systems

So as the rerun of the referendum becomes more likely, some people are considering a multiple choice; the problem is how to weight and count the votes. It’s interests me that instant run off is people’s first port of call, and I have some links that refer to it. To me, the problem is that instant run off fails to weight people’s commitment to their 1st vs. 2nd choice. This problem is what Parliaments are designed to solve; the polity can negotiate 1st, 2nd and 3rd choices and negotiate the importance of each packages features, this may be impossible in an instant run-off election. I have written more … Continue reading “Multiple Choice Voting systems”

International Trade and MMT

I have now re-read Chapter 8 of Reclaiming the State and this is what I think they say on International Trade, I plan to simplify it further. I have tried not to insert the anti-arguments, but I am not sure that I agree that “Sudden Stops” can only happen to poor countries. Also if the MMT people are right, then while the fiscal surplus/deficit is not a constraint on macro-economic policy, I am still to be convinced that the balance of trade isn’t! Also MMTers argue that the World Bank/International Monetary Fund/WTO will need to be refactored with new goals based on facilitating trade & development and ensuring that Trade can be financed. If collective/political action is required to ensure that international trade works, why not the EU as the first port of call. Anyway, here’s my notes. … Continue reading “International Trade and MMT”